MarilynG1
Expert Alumni

Retirement tax questions

Did you receive a 1099-R to report the RMD distribution/rollover?  If, so you may have a Code G in Box 7 to indicate this.  Or, you may have two 1099-R's; one with Code G and one with Code 7. 

 

When entering your 1099-R with Code 7 in TurboTax, you can indicate in the follow-up questions that 'the entire distribution is RMD' and that it was rolled over.  This will not be taxable income for you in this case. A 1099-R with a Code G is never taxable; you are just reporting. 

 

Here's more info on What is RMD?

 

@llivingston1208 

 

 

 

 

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